https://www.taxtmi.com/caselaws?id=471666 Cash deposits during demonetisation require verification of bank statements, Form 26AS, the taxpayer's explanation and supporting business records before being treated as unexplained money. Telecom recharge-coupon resale activity reflected in available tax information may be relevant to establishing the source of deposits. Where the Assessing Officer has not obtained bank information through statutory information-gathering powers or reviewed departmental records and documentary material, the source explanation requires fresh examination. The deposit addition is consequently subject to fresh adjudication after consideration of the available evidence. en-us Wed, 09 Apr 2025 00:00:00 +0530 Sat, 12 Sep 2026 17:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471666 Cash deposits during demonetisation require verification of bank statements, Form 26AS, the taxpayer's explanation and supporting business records before being treated as unexplained money. Telecom recharge-coupon resale activity reflected in available tax information may be relevant to establishing the source of deposits. Where the Assessing Officer has not obtained bank information through statutory information-gathering powers or reviewed departmental records and documentary material, the source explanation requires fresh examination. The deposit addition is consequently subject to fresh adjudication after consideration of the available evidence. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471666